National Bank Financial reaffirmed their sector perform rating on shares of American Hotel Income Properties REIT (TSE:HOT.UN) in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a C$7.00 target price on the stock.
Several other equities analysts also recently commented on the stock. BMO Capital Markets lowered their target price on shares of American Hotel Income Properties REIT from C$6.30 to C$5.75 in a research report on Tuesday, May 28th. CIBC lowered their target price on shares of American Hotel Income Properties REIT from C$8.77 to C$8.10 in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of C$7.06.
American Hotel Income Properties REIT stock opened at C$6.66 on Monday. The company has a debt-to-equity ratio of 162.43, a current ratio of 1.02 and a quick ratio of 0.41. The company has a market capitalization of $523.40 million and a price-to-earnings ratio of 83.25. American Hotel Income Properties REIT has a one year low of C$5.80 and a one year high of C$9.30. The company’s fifty day moving average price is C$6.71 and its two-hundred day moving average price is C$6.96.
In other news, Director Robert Francis O’neill purchased 7,909 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of C$6.86 per share, for a total transaction of C$54,274.72. Following the completion of the acquisition, the director now directly owns 645,300 shares of the company’s stock, valued at C$4,428,306.72.
American Hotel Income Properties REIT Company Profile
American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. AHIP currently has 112 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand.
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